Actuarial Associate - Farmowners

Maplecroft; Jersey City (NJ); On-site; USD 70,000 - 85,000; Full time

Job summary

A leading insurance firm is looking for an Actuarial Associate to join their Businessowners Actuarial Product team, focusing on Farmowners. The successful candidate will analyze and create pricing for insurance products, support product enhancements, and collaborate with cross-LOB initiatives. Familiarity with Farmowners insurance and strong analytical and communication skills are preferred. This role is key in innovative pricing strategies and enhancing coverage offerings.

Qualifications

• Familiarity with Farmowners insurance or similar coverages is strongly preferred.
• An understanding of coverage forms and language, rating rules, and the insurance market.

Responsibilities

• Analyze and create pricing for new and emerging insurance risks.
• Perform deep dives into pricing methodologies.
• Support the Farmowners program through ratemaking and loss cost reviews.

Skills

Analytical problem solving

Communication skills

Pricing methodologies

Familiarity with Farmowners insurance

Job description

Overview

We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners.

Responsibilities

• The Businessowners Product team is responsible for Businessowners and Farmowners. The team is responsible for analyzing and creating pricing for new and emerging insurance risks; performing deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages; leading efforts in secure filing of pricing changes; providing supports for filings of coverage changes; and maintaining customer focus in all their work.
• The successful candidate will enjoy identifying and solving complex actuarial problems, be comfortable working with team members on high-profile projects and own part of the processes, and have the ability to explain work in non-technical contexts to internal and external customers.
• The role will focus on supporting the Farmowners program. This will include ratemaking and loss cost reviews as well as general product support and enhancements. Familiarity with Farmowners insurance or similar coverages is strongly preferred. The ideal candidate will also have an understanding of coverage forms and language, rating rules, and the insurance market.
• In addition, this person will work closely with our coverage team and may represent Farmowners supporting cross-LOB initiatives and Reimagine initiatives.

Qualifications

• Familiarity with Farmowners insurance or similar coverages is strongly preferred.
• An understanding of coverage forms and language, rating rules, and the insurance market.